Qingdao Footwear (QING) Announces National Interview on the “Big Biz Show”
April 14 2011 - 12:21PM
Business Wire
Qingdao Footwear (OTCBB: QING) announced today that will be
interviewed on the “Big Biz Show” radio and TV program with Bob
“Sully” Sullivan and Russ “T Nailz” Stolnack, over the coming
weeks.
The “Big Biz Show” broadcasts out of San Diego, California. The
show, recently named by TALKERS Magazine as one of the “Top 10 Most
Influential Financial Shows” in the country is highly recognized
for discussing current business events, internet related issues and
other hot topics in the business world. Bob “Sully” Sullivan and
Russ “T Nailz” Stolnack are renowned and experienced radio
broadcast personalities. The “Big Biz Show” reaches more than 2
million listeners and 30 million cable homes weekly.
The Company stated that it would be announcing the specific time
of the broadcasts in the near future. Stated a Company
representative, “we are excited to get do the program and gain
additional exposure and knowledge and our company, and it’s
potential growth. This is the first step of many in our plan to
increase the exposure of the company to the US marketplace.”
To listen or watch the live interview, please visit
www.bigbizshow.com. To view the Network Television and Radio feed
of the interview, click the “Watch Us Live” tab on the front page
or find a station near you by entering your zip code in the “FIND
US” box on the same page.
ABOUT QINGDAO FOOTWEAR
The company’s net sales increased to $14,964,654 in the nine
months ended September 30, 2010 from $12,517,751 in the same period
in 2009, representing a 19.6% increase year-on-year. As retail
sales trends and broader economic growth in the PRC have been
positive despite a global economic downturn, during the nine months
ended September 30, 2010, we increased prices by 26% in order to
achieve higher gross profit, with a focus on net sales profit over
volume. This increase was mainly due to the growth in Qingdao
Footwear’s points of sales. As of September 30, 2009, Men’s
footwear constituted 60% of revenue and women’s footwear the
remainder. 40% of sales were formal shoes, and the remaining 40%
are attributed to casual footwear.
SAFE HARBOR STATEMENT: This news release contains
"forward-looking statements" made pursuant to the safe harbor
provisions of the 1995 Private Securities Litigation Reform Act.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"future," "plan" or "planned," "will" or "should," "expected,"
"anticipates," "draft," "eventually" or "projected." Such
statements are subject to risks and uncertainties that could cause
future circumstances, events, or results to differ materially from
those projected in the forward-looking statements, including the
risks that our products may not achieve customer acceptance or
perform as intended, that we may be unable to obtain necessary
financing to continue operations and development, and other risks.
You should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements.
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